Viji Finance gets trading approval for 4.9 crore warrant-converted shares

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Reviewed by
Suketu GScanX News Team
Key Highlights

Viji Finance Limited secured trading approvals from BSE and NSE for 4.9 crore equity shares issued via warrant conversion to non-promoters. The shares, carrying a ₹1.80 premium, began trading on August 20, 2026, with most holdings locked in until February 2027.

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Viji Finance Limited has received trading approvals from the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE) for 4.9 crore equity shares issued on a preferential basis. The shares were allotted pursuant to the conversion of warrants held by non-promoters. Trading in these securities commenced on August 20, 2026.

The issuance involves 4,90,00,000 equity shares of Re. 1 each, issued at a premium of ₹1.80 per share. The distinctive numbers for these shares range from 142500001 to 191500000. This development follows an earlier disclosure by the company on August 5, 2026, regarding the receipt of listing approval for these shares.

Regulatory Approvals

The company cited Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with Schedule III, for this disclosure. The specific approval letters received are:

  • BSE Limited: Letter No. LOD/PREF/VJ/285/2026-27 dated August 19, 2026
  • National Stock Exchange of India Limited: Letter No. NSE/LIST/56857 dated August 19, 2026

Vijay Kothari, Chairman & Managing Director of Viji Finance, filed the intimation with the exchanges on August 20, 2026.

Lock-in Details

A portion of the issued shares is subject to lock-in restrictions until February 2027. The lock-in structure is detailed below:

Number of Shares Distinctive Numbers Range Lock-in Until
36,00,000 142500001 to 146100000 February 27, 2027
36,00,000 146100001 to 149700000 February 27, 2027
36,00,000 149700001 to 153300000 February 27, 2027
36,00,000 153300001 to 156900000 February 27, 2027
36,00,000 156900001 to 160500000 February 27, 2027
36,00,000 160500001 to 164100000 February 27, 2027
36,00,000 164100001 to 167700000 February 27, 2027
36,00,000 167700001 to 171300000 February 27, 2027
16,00,000 171300001 to 172900000 February 27, 2027
36,00,000 172900001 to 176500000 February 27, 2027
75,00,000 176500001 to 184000000 February 28, 2027
75,00,000 184000001 to 191500000 February 28, 2027
Total 4,90,00,000

What the Numbers Show

The admission of 4.9 crore shares for trading represents the final step in capitalizing warrants previously allotted on a preferential basis. While Ashik D Sanghvi HUF and its PACs recently converted 1.5 crore warrants (as disclosed in August 2026), this broader issuance indicates that other non-promoter investors also exercised their warrant conversion rights. The uniform lock-in period of approximately six months (until late February 2027) suggests these were likely part of a single preferential allotment tranche, restricting immediate liquidity for these new shares despite their listing.

Historical Stock Returns for Viji Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-1.99%+3.90%+44.44%+642.01%+383.63%+1,221.14%

How might the lifting of the lock-in period for 4.9 crore shares in February 2027 impact Viji Finance's stock price volatility and trading volume?

What strategic rationale drove non-promoter investors to convert their warrants into equity at this specific juncture rather than earlier?

Will the increased share capital from this preferential allotment significantly dilute existing promoter holdings or alter the company's voting power dynamics?

Viji Finance Ltd Receives Listing Approval from BSE & NSE for 4,90,00,000 Equity Shares Issued on Preferential Basis

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Reviewed by
Naman SScanX News Team
Key Highlights

Viji Finance Ltd received listing approval from BSE Limited and NSE on August 05, 2026, for 4,90,00,000 equity shares of Re.1/- each issued at a premium of Rs.1.80/- per share on a preferential basis pursuant to conversion of warrants. The shares, bearing distinctive numbers from 142500001 to 191500000, were allotted to non-promoters/public category investors. BSE granted approval vide letter no. LOD/PREF/SS/FIP/619/2026-27, while NSE issued in-principle approval under reference NSE/LIST/56342. Trading approval is subject to fulfilment of depository confirmation and other regulatory requirements as specified by SEBI.

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*this image is generated using AI for illustrative purposes only.

Viji Finance Ltd has received listing approval from BSE Limited and the National Stock Exchange of India Limited (NSE) for 4,90,00,000 equity shares issued on a preferential basis pursuant to the conversion of warrants. The company made this disclosure on August 05, 2026, in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the SEBI Listing Regulations.

Key Details of the Listing Approval

The listing approval covers equity shares allotted to non-promoters/public category investors. The following table summarises the key parameters of the approved shares:

Parameter: Details
Number of Shares: 4,90,00,000
Face Value: Re.1/- each
Issue Premium: Rs.1.80/- per share
Allottee Category: Non-Promoters / Public Category
Distinctive Numbers: 142500001 to 191500000
Nature of Issue: Preferential Basis (Conversion of Warrants)
BSE Approval Reference: LOD/PREF/SS/FIP/619/2026-27
NSE Approval Reference: NSE/LIST/56342
Date of Approval: August 05, 2026

BSE Listing Approval

BSE Limited granted listing approval vide letter no. LOD/PREF/SS/FIP/619/2026-27 dated August 05, 2026. As per the BSE communication, trading approval for the aforementioned shares will be granted only after the company fulfils certain conditions. These include:

  • Submission of listing approval from NSE (if applicable)
  • Confirmation letters from NSDL/CDSL regarding the crediting of shares to respective beneficiary accounts and admission of capital to the depository system
  • Confirmation letters from NSDL/CDSL regarding lock-in of pre-preferential holdings (if applicable)

BSE also noted that the company must ensure compliance with the provisions of Regulation 167 of SEBI (ICDR) Regulations. Additionally, in the event of a change exceeding two per cent of the total paid-up share capital, the company is required to file the shareholding pattern in XBRL mode as mandated under Regulation 31(1)(c) of SEBI LODR Regulations, 2015.

Further, as per Schedule XIX of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the company is required to make an application for trading approval to the stock exchanges within seven working days from the date of grant of listing approval. Non-compliance with this requirement will attract fines as specified in the said SEBI circular.

NSE In-Principle Approval

NSE granted in-principle approval for listing of the 4,90,00,000 equity shares of Re.1/- each vide reference NSE/LIST/56342 dated August 05, 2026. NSE confirmed that the shares will be listed and admitted to dealings on the exchange upon receipt of confirmation from depositories — NSDL and CDSL — regarding the credit of beneficiaries' accounts.

The disclosure was signed by Vijay Kothari, Chairman & Managing Director of Viji Finance Ltd, on August 05, 2026.

Historical Stock Returns for Viji Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-1.99%+3.90%+44.44%+642.01%+383.63%+1,221.14%

How might the conversion of warrants into equity shares impact Viji Finance's existing promoter holding and overall corporate governance structure?

What is the expected timeline for the shares to begin trading on BSE and NSE following the fulfillment of depository confirmation requirements?

Could the influx of 4.9 crore new public category shares lead to short-term price volatility or dilution concerns for existing shareholders?

More News on Viji Finance

1 Year Returns:+383.63%